FRANK KELBIE LIMITED
💤Zombieactive
SC133320 · ltd · incorporated 1991-08-08
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 46770
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · oldest 34.5y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 34.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
98 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Average employees | 700 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
- • 2 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2025-11-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-14➖KELBIE, Wilma Mcready resignedsecretary
- 2025-11-14➖KELBIE, Wilma Mcready resigneddirector
- 2025-11-14📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-11-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-06📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2023-08-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-02📄capital-name-of-class-of-sharescapital · SH08
- 2023-05-25📄capital-name-of-class-of-sharescapital · SH08
- 2023-01-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-23🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2022-10-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-25📄capital-name-of-class-of-sharescapital · SH08
- 2021-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-10-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-03📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2019-08-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-07-01➖KELBIE, Frank resigneddirector
- 2008-06-17➕KELBIE, Stephen appointeddirector
- 1991-11-06🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1991-08-08🏢Company incorporatedAs FRANK KELBIE LIMITED
- 1991-08-08➕KELBIE, Wilma Mcready appointedsecretary
- 1991-08-08➕REID, Brian appointednominee-secretary
- 1991-08-08➖REID, Brian resignednominee-secretary
- 1991-08-08➕KELBIE, Frank appointeddirector
- 1991-08-08➕KELBIE, Wilma Mcready appointeddirector
- 1991-08-08➕MABBOTT, Stephen appointednominee-director
- 1991-08-08➖MABBOTT, Stephen resignednominee-director
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "KELBIE" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 35 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: KELBIE, Wilma Mcready resigned 2025-11-14; KELBIE, Wilma Mcready resigned 2025-11-14
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen Kelbie Individual · British · DOB 06/1971 · age 55 | 25–50% | — | 25-50% shares | 01/07/2019 |
2 historic (ceased) PSCs
- Mrs Williamina Mcready Kelbieceased 23/05/2023· 50-75% shares
- Mr Frank Kelbieceased 01/07/2019· 75-100% shares · 75-100% voting · significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Wholesale & distribution · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DWK OFFICE SOLUTIONS LIMITED→ SC258582 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ELECTRIC BIKES SCOTLAND LIMITED→ SC451414 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| EPMH LIMITED→ SC214323 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| FRUNCHII LTD→ SC840402 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| JAMES CRAMOND LIMITED→ SC248481 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| JEA GLOBAL SERVICES LIMITED→ SC880727 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| JOHN D FORREST LIMITED→ SC580484 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| JUST DRINK SCOTLAND LIMITED→ SC408569 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| K L PROJECTS ( SCOTLAND ) LIMITED→ SC777188 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KADEX LTD→ SC874009 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| KCEL LTD→ SC836968 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| LARGO MG LTD→ SC841828 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated1991-08-08
Jurisdictionscotland
Primary SIC46770 — SIC 46770
Registered office
6 Herons Lane
Dundee
DD2 3DJ
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-08-22
Last: 2025-08-08
Officers (1 active · 5 resigned)
KELBIE, Stephen→
Activedirector · ~55y · appointed 2008-06-17
View their other companies + combined net worth →
KELBIE, Wilma Mcready→
Resignedsecretary · appointed 1991-08-08 · resigned 2025-11-14
REID, Brian→
Resignednominee-secretary · appointed 1991-08-08 · resigned 1991-08-08
KELBIE, Frank→
Resigneddirector · ~86y · appointed 1991-08-08 · resigned 2019-07-01
KELBIE, Wilma Mcready→
Resigneddirector · ~84y · appointed 1991-08-08 · resigned 2025-11-14
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1991-08-08 · resigned 1991-08-08
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 23/01/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 06/11/1991 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (98 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-19
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-14
termination-director-company-with-name-termination-date
officers · TM01
2025-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-22
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-11-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-08
capital-name-of-class-of-shares
capital · SH08
2023-06-02
capital-name-of-class-of-shares
capital · SH08
2023-05-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-19